Palo Alto Networks' shares experienced significant volatility following the release of its Q3 earnings report. Despite beating expectations on both top and bottom lines, the company's stock fell 8% in late trading due to a disappointing sales forecast and billings outlook. The cybersecurity firm projected Q4 billings between $3.43 billion and $3.48 billion, and revenue between $2.15 billion and $2.17 billion. This marks the third consecutive quarter where Palo Alto's stock has dropped more than 5% post-earnings. Analysts noted that while the company met its guidance, the market's high expectations contributed to the negative reaction. Options were pricing about a 9% expected move, with implied volatility (IV) for options expiring this week at 120. The company's RPO held around 23%, and DRs ticked down to 26%. The stock fell 10% after hours.
$PANW #update 💰🎯 Full Gap fill might be too much to ask but we ride the clouds 17$/share since 300 idea and then multiple 100% on calls! Repeatable Voice Guidance @tenettradegroup Check before after PSYCH LEVEL TRADING https://t.co/bumo1aGAho https://t.co/hShZNIqmGg
$PANW nearing back to flat on day, huge reversal off that 300 support after the opening hour bullish flows https://t.co/cRflkku8Xs
$PANW if looking for a level closer to price at this time watching 317.30ish
$PANW 318.50 yesterday open next level on my radar
$PANW is the street focused on the wrong metric? What the market didn't like from the earnings report: - Billings growth of 3% What stood out: - NGS ARR growth of 47% - best in class and ahead of expectations - RPO ticked up to 23% from 22% Inline results, but decent setup… https://t.co/y9zBwHGulH
$panw practically recovered most of the loss from the ER. Very interesting.
$PANW +20 from pre-market note https://t.co/9b6F2oGP88
$PANW putting in a hollow off the 21ma daily. (new position today)
$PANW and 300 Psych Today!!
$PANW shares fall after the company's sales forecast fails to impress investors following Q3 earnings results. Cowen analyst Shaul Eyal joins Yahoo Finance to discuss: https://t.co/9ByzxwEB2A
$PANW shares fall following Q3 results. Cowen analyst Shaul Eyal joins Yahoo Finance to discuss: https://t.co/mFOc27BieG
$PANW - which just whiffed for the second quarter in a row- is going to open ~9% HIGHER than it did last quarter after its miss. Which is nice. https://t.co/NB2efTrB0O
Palo Alto Networks, Coinbase, and Other Tech Stocks in Focus Today https://t.co/442Q4tXR4o
Palo Alto Networks $PANW shares drop 8% premarket as billings outlook disappoints https://t.co/4wHQrZgwK2 https://t.co/GEB1uQoiYe
These Stocks Are Moving the Most Today: Palo Alto Networks, Zoom Video, Keysight, Nvidia, Peloton, Lowe’s, and More https://t.co/l2DMxJvbaH
$PANW Guidance: "For the fourth quarter of 2024, we expect billings to be in the range of $3.43 billion to $3.48 billion, an increase of 9% to 10%. We expect revenue to be in the range of $2.15 billion to $2.17 billion, an increase of 10% to 11%. We expect non-GAAP EPS to be in… https://t.co/NkW0oYEr9V
Shares of $PANW falling in overtime despite beating on the top and bottom lines. We ask @Barclays analyst Saket Kalia what he thinks is accounting for the stock's slide post-beat. "Of course billings is that main metric... that was a little bit below what people were thinking." https://t.co/FdFLSQLYYL
$PANW beat across the board, but merely reiterated previous forward guidance, stock crushed 10% AH... We're in a "Great Expectations" market, with stocks priced to perfection, anything less involves a trip to the woodshed. $NVDA longs take note
$PANW just looks a bit disappointing vs. high exp post recent move- print/guide in-linish to very slight upside on guides- RPO holding around 23%, DRs did tick down 400bps seq to 26%; margins a hair disappointing- nothing crazy just not much upside overall
$PANW down about 8%, just inside what options were pricing. (as of now) https://t.co/xbKXjknvx9
Palo Alto Networks shares slid in late trading after giving a disappointing sales forecast for the current period, renewing concerns about a slowdown in cybersecurity services. https://t.co/ZHuqBTwojj
If these declines in Palo Alto hold, it will be the third time in a row that the stock gapped down 5%+ in reaction to earnings. Before that, it had gapped up 3%+ in reaction to earnings for 10 straight quarters. $PANW https://t.co/nSFDQqwNU1
$PANW met their guidance. Reiterated their previously guided numbers what was the market expecting? Magic? https://t.co/bmlABnWPWa
$panw dive down
$PANW results out at 4:05 PM ET - should be very interesting off of last quarter's 28% single-day drop. We'll have a full breakdown table out ASAP after the release. https://t.co/lAHJeGu31w
Palo Alto $PANW reports after the close. Options are pricing about a 9% expected move. That's towards the low end of recent earnings moves that saw -28%, -5%, +15%, and +8%. Options expiring this week are nearly 120 IV, with 1 month out options around 50 IV. Here's the expected… https://t.co/NIthhDIES0
Here are Monday's biggest analyst calls: Nvidia, Amazon, Apple, Tesla, Dell, Micron & more https://t.co/NpYvQsjYji
Stocks making the biggest moves premarket: Apple, Nvidia, Li Auto and more https://t.co/LUkMTDc7QT
These Stocks Are Moving the Most Today: Nvidia, GameStop, Palo Alto Networks, Li Auto, and More https://t.co/XhhfLzk516